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Krum Independent School District

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403(b) Plan Information

A 403(b) plan, also known as a tax-sheltered annuity (TSA) plan, is a retirement plan for certain employees of public schools, employees of certain tax-exempt organizations, and certain ministers.

Individual accounts in a 403(b) plan can be any of the following types:

  • An annuity contract which is a contract provided through an insurance company
  • A custodial account, which is an account invested in mutual funds
  • A retirement income account set up for church employee

Click below to download the 403(b) Universal Availability Notice.    

NBS Contact Information